The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

BEIRUT / Reuters Lebanon’s government plans to swap $5 billion of new foreign currency bonds for Lebanese pound debt with the central bank, in an operation its finance minister suggested would slash the cost of servicing its huge debt pile by as much as $1.5 billion. Ali Hassan Khalil, speaking in parliament, said 218 billion pounds ($145 million) of the …

Bloomberg Japanese banks must move forward with consolidation by using everything from mergers to informal tie-ups to tackle declining profitability, according to the new chief of the industry’s main lobby group. “Consolidation has to advance from here, and the formats for doing this are going to get more diverse,” Koji Fujiwara, who starts as chairman of the Japanese Bankers Association …

Bloomberg Pakistan’s central bank unexpectedly left its benchmark interest rate unchanged after a second currency devaluation in four months. The target policy rate will stay at 6 percent, the State Bank of Pakistan said in a statement. The move was predicted by only three of 22 economists in a Bloomberg survey with rest expecting a hike. The central bank unexpectedly …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …